OCEANUSDT → A break of resistance will give a 30% increase

١٥ أغسطس ٢٠٢٣

BINANCE:OCEANUSDT forms a bottom at 0.1208 and forms a false breakout. After formation of the formation, the price rallies and goes into consolidation in the triangle format

After retesting the triangle resistance on July 22, the price forms a small correction after which the price forms a pre-breakout consolidation near the upper boundary of the formation.
Altcoins have been showing positive dynamics lately and most likely the breakout of resistance at OCEAN will give excellent potential.
While bitcoin is forming a correction and forming a local support area, the altcoin price is updating the local high and breaking the resistance.
The price is testing MA-50 and may soon test MA-200 as resistance

Support levels: 0.3335
Resistance levels: 0.3605
I expect the final breakout of the triangle resistance with the subsequent strengthening of the price to these levels.

Regards R. Linda!